, 1887-11-27
DOWN AGAIN.
The Cattle Market Receives
Another Set Back.
Heavy Receipts the Cause of
the Decline.
Only Fancy Beeves Selling at
Fair Prices.
The Cattle Market.


olCNlal blopdtCi " hhAbhh
CHICAGO, Nov. 26.-The cattle market
has received another big set back. As
usual enormous receipts did it. The start
was slow but a reasonably active demand
existed for good to best grades and some
prime natives made good prices. Very
soon, however. the market turned down
ward and by the middle of the week the
situation was deplorable. Almost daily
the yards contained about twice as many
cattle as there was any legitimate demand
for, and sellers were at the mercy of the
buyers. The concessions demanded by
buyers were so much greater than holders
were willing to allow that anything resem-
bling activity was entirely out of the ques
ton. Supplies we've not only tremendous
but were made up for the most part of
common and medium sorts.
1t is on this ordinary unfinished plain
stock that grief and loss to the country
shipper usually cone. Both the shipper
OF live cattle to the Eastern markets and
the buyer for the Chicago dressed beef
dealers f~ieIcely discriminate against these
plain natives and the depression in that
class was therefore most intense. Holders
had to work hard to find an outlet for
them at any price. Sales were irregular
and were made at anywhere from BOO 5Oc
decline for the week. Even at that re-
duction many of the offerings had to be
carried over from day to day. The out
look, too, Is not encouraging for next
week. True, the range cattle are now
pretty much out of the way, but the in
dications are that there are more than
enough natives to fill the gap, especially
as the dressed beef firms are operating
sparingly with Hammond out of the
market entirely. Extra fancy beeves are
selling nearly as high as heretofore, but
these are scarce and cut no figure in the
general market.
There are very few trades made at
above "a. so, and it takes more than an
ordinarily good bunch of steers to fetch
that %figure, while most of the sales are at
prices ranging downward from $40.
shippers and dressed beef men are sup
plying their wants at about SO. 30(94. 30.
A few punches of fancy heavy steers.
good enough for the hive stock show, com
mand from $500 10 So 40. Farmers
should remember that only good beeves
are wanted, and not imagine that because
the season for rangers is drawing to a
close they can glut the market with poor
trash.
Butchers stuff is slow and irreguIarly
lower. Butchers are buying literally and
the falling off in Texans has caused can
ners to turn their attention to natives, but
offerings are greater than the combined
demand Especially attractive lots Of
COWS and heIters are not much lower. but
the rank and file have fallen 5000 cents.
From 81 50 to 81 buys common to good
fat cows and bulls, and 81 to 81. 25 takes
the choice grades.
Stockers and feeders alone are active.
Buyers are in pretty full attendance each
day. and although the supplies are large
about all the really desirable lots are being
picked up at about steady rates. Some
dealers ever claim hat light stockers are
selling a shade higher than last week.
Rangers are dull and weak. Offerings
have exceeded the demand and prices are
lO(d20c lower than last weeks closing
range. The lower grades such as are put
into cans suffer least. Texas steers bring
ahOut 50. 5O(n2 ono.